Star Equity Hldgs Q1 2024 Adj. EPS $(0.09), Inline, Sales $9.118M Miss $10.250M Estimate
Portfolio Pulse from Benzinga Newsdesk
Star Equity Holdings reported its Q1 2024 financial results with an adjusted EPS of $(0.09), which was in line with expectations. However, the company missed its sales estimate, reporting $9.118 million compared to the expected $10.250 million.
May 20, 2024 | 12:38 pm
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Star Equity Holdings reported Q1 2024 adjusted EPS of $(0.09), in line with expectations, but missed sales estimates with $9.118 million versus the expected $10.250 million.
The in-line EPS suggests stable earnings performance, but the significant miss on sales could indicate potential issues in revenue generation or market demand, likely leading to a negative short-term impact on the stock price.
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IMPORTANCE 80
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